All Forum Posts by: Hayden Thomas

What are the legal points I need to know about getting a “finders fee” or being a “bird dog”? Example- finding motivated seller. Telling my investor. Investor buys it. I get a percentage or previous agreed payment.

What kind of legal contract should I be operating under? W4? 1099?

1 Vote

Houston, Texas

I’m trying to figure out how to do my taxes. I wholesale vacant land. Buy cheap. Try to sell within 60 days. Who should I be looking for to properly help me with Taxes? What kind of CPA? Could really use that help. Thank you.

1 Vote

Austin, Texas

Looking to wholesale vacant lots. Could use some help….

Where can I get contract templates to wholesale? I’m in TX.

I have a TREC unimproved contract. Can I reuse this one on multiple deals?

Once I have the land under contract what template do I use to wholesale it to the end buyer?

1 Vote

Quote from @Rafael Mercedes:

Hi Hayden,

I'm also just starting in wholesale.

1. You've got to be transparent that you're helping them get a cash offer on their property by bringing them (the seller) together with the buyer for a fee.

2. In your contracts make sure it states that they're aware you're going to assign the contract to a cash buyer for a fee. You don't necessarily have to tell them the spread you're making but they will see it on the HUD sheet upon closing most likely. THAT'S when people groan that they got ripped off. They agreed to the price so what does it matter what you made when you pulled the deal together. There wouldn't be a deal without YOU.

You can pull lists from batch leads, list source, propstream, deal machine, tons of sources it's up to you to figure out what tools you need & for what price.

Get after it!

Your awesome. Thanks!

1 Vote

Dallas, Texas

I am looking to gain some more info on vacant land. Is there anybody that wouldn’t mind if I bounced some questions of them occasionally?
In return - you will get a nice “thank you” and hopefully help someone get closer to their goals <3.

While we are here… are there any recommendations on when to inform the seller that you are looking to wholesale their property?

Where are the best places to pull list to find buyers?

Listsource? $50 minimum last time I checked. If thats what I gotta pay so be it. Will take recommendations.

Is wholesaling supposed to be a little misleading to the seller? “So I'm gonna get your property under contract for $2,000 but sell it for $5,000. Cover all closing cost and keep difference. Would you mind?”

Would love for some feedback. Cheers.

0 Votes

Dallas, Texas

How can I get someone to almost “approve” that a deal I’m making is a good deal?

0 Votes

All Forum Posts by: Hayden Thomas

Hayden Thomas has started 12 posts and replied 16 times.

Post: Couple of legal questions

Post: Land wholesaler. How to do my taxes

Post: Need help finding contract templates

Post: Flipping and wholesaling

Post: Flipping and wholesaling

Post: Just starting out